Archive for pension funds

Charles Nenner; The US Economy Is Heading Into TROUBLE! Interviewed by Michael Douville

Posted in #PaulthePoke, Michael Douville, Trend Update with tags , , , , , , , , , , , , , , , , on May 11, 2022 by paulthepoke

Ecclesiastes 3:1 For everything there is a season, and a time for every matter under heaven…

Proverbs 22:3 The prudent see danger and take cover, but the simple keep going and suffer the consequences.

With inflation, market volatility, and economic changes occurring in today’s world, Michael Douville had a chance to sit down and visit with one of the world’s foremost cyclical economist and market forecaster, Dr. Charles Nenner.

Dr. Nenner offers a free trial subscription for a few weeks. Please mention you watched this video. https://www.charlesnenner.com/

photo: Pinterest

May 2022: An Amazing and Candid interview with Charles Nenner. Charles discusses his Dow Jones Weekly chart showing all three of his Cycles that rule the Equity Market. The three cycles are all topping; topping just as they did in 2007. The Cycles are worse than in 2007-2008, the amount of downside in the last 4 months is the worst in 80 years; if this is the beginning, it can be a very bad time. There is a window of opportunity to sell into a bounce that appears to be imminent.

Dr. Nenner recommended to exit the Bond market for the last 2 years. The amount of money lost is tremendous; Q1 2022 was the worst Quarter for Bonds in 157 years. Interest rates are going much higher.

Charles Nenner sees a slight short term topping of Inflation and a near term moderation of Inflation, but sees Inflation for many years very similar as in the 80’s. Inflation will be a big problem moving forward. Natural gas and Crude oil are a big component.

Charles thinks there is nowhere to hide, but Cash is King at the moment. He believes Inflation will continue to be a major problem. European pension funds are in Bonds, many that are below zero. This is very difficult for Pension funds, it is not safe and no return. It will be very difficult for people to retire. It is not good to “Be in it for the long term!”

Dr. Nenner and Michael Douville have a significant discussion on the housing market. Are we in the process of peaking???

The Us Dollar is flirting with the 104 on the DXY, it is possible the US will get very strong and possibly go up to possible the low 120’s.

Looking at the Wheat chart, the prices are heading higher. Food prices are going to get much higher.

Click on the link below for all the economic details with Dr. Nenner’s proprietary charts and analysis.

michael@michaeldouville.com

https://michaeldouville.com/

Rule #1 – Never Rob Your Own Bank…Featuring Michael Douville

Posted in Michael Douville, Uncategorized with tags , , , , , , , on August 16, 2017 by paulthepoke

MichaelJeremiah 22:13 Woe to him who builds his house by unrighteousness, and his upper rooms by injustice, who makes his neighbor serve him for nothing and does not give him his wages.

“Willie” “Joe” and “Al” have lived their entire lives in the “Neighborhood”. Their total working career consisted of working for Semtec Steel; a company very similar to many current Companies that have promised to repay their employees for their Loyalty and Sacrifice by promising benefits for Retirement. Through bad business practice, mismanagement, and possible shady deals with Williamsburg Savings Bank, the Pension is now broke. The three are devastated and realize their feeling of Loyalty to the Company has been misplaced and NO ONE CARES! The Bank is at the center of the Default and the three Retirees decide to “get their money back” and rob the bank!

What a delight to watch acting legends Michael Cain, Alan Arkin, and Morgan Freeman portray these stunned and desperate Pensioners. Very endearing performances bring the story to life. Veteran actress Ann Margret plays the female love interest with charm and allure. Going In Style is entertaining and enlightening; well worth the time and money. Going In Style is fictional, the story is not!

 

How many workers have spent their career working for Fortune 500 companies that have gone broke and taken the Pension with them? Who can remember Pan Am, TWA, Piedmont Airlines, America West, Patriot Coal, Bethlehem Steel, LTV Steel, or the infamous Enron Energy. These were great companies; great places to work. The bankruptcy always seemed to be a surprise to the employees. However, the results were predictable; the Employee Pension went into default and benefits were either completely eliminated or greatly reduced. A complete shock and disruption to the Retirees. The pattern seems to be repeating.

Pension funds in general are enormously underfunded. States such as Illinois, California, Maine, and Connecticut, as well as municipalities like Hartford, Connecticut, Stockton or San Bernadino in California, or even Puerto Rico may renege on promises and devastate those depending on benefits. THE BENEFITS ARE NOT COMING. Many, many Fortune 500 companies have Retirement Accounts vastly underfunded. As a result the next Recession will have casualties beyond corporate Liquidations, many Pension Plans WILL default. It is time to make tough decisions.

 

Discuss options with your Financial Adviser as to early withdrawal penalties for any fixed benefits you may be entitled. Those that exit early are often the greatest winners. Cut expenses, pay down debt particularly Home Equity and credit cards. Eliminate unnecessary purchases. Build a reserve; accumulate at least 60-90 days worth of expenses in Cash; keep the Cash close and NOT in a Safe Deposit Box in any Bank! Consider taking profits on a significant portion of your Stock and Bond portfolio which might be re- deployed in cash flowing assets to mitigate any losses from Wall Street or a Benefit Plan. Entry level single family homes in the growth corridors of Florida, Houston or Dallas in Texas, or Maricopa County in Arizona should provide a safer re-allocation strategy with conservative, consistent monthly Income. Take your personal preparations very serious; these are “Interesting Times” we live in!

https://michaeldouville.com/rule-1-never-rob-bank/

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